Why China's BYD Company Stock Popped Today

BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's.BYD Company (BYDDY 2.92%) stock raced 3% higher through 11 a.m. ET Tuesday after the business passed a significant production milestone -- one that puts it head and shoulders above electric vehicle (EV) archrival Tesla (TSLA 1.14%).As Elecrek reported yesterday, BYD's car factory in Xi'an, China, just passed 1 million vehicles produced year to date in 2024. A two-company horseless carriage raceWhy i ...